NZ dollar weighed by risk aversion and positioning ahead of RBNZ

Wed, 09 Aug 2017

By Rebecca Howard Aug. 9 (BusinessDesk) - The New Zealand dollar fell as escalating tensions between the US and North Korea dampened risk appetite and ahead of what is expected to be a more dovish outlook from the Reserve Bank tomorrow. The kiwi traded at 73.16 US cents as at 5pm in Wellington from 73.23 US cents as at 8am and down from 73.53 cents yesterday. The trade-weighted index declined to 77.19 from 77.43 yesterday. Tensions on the Korean peninsula escalated after a spokesman for the Korean People's Army said in a statement tha...

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